Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
In the past month, bitcoin has outperformed gold by a significant margin, gaining over 46%, while gold prices have fallen by more than 3%. This divergence highlights shifting institutional investor sentiment as bitcoin solidifies its role as a potential high-growth investment vehicle, according to analysts.
As of publication time, gold was trading above $2,600 per ounce, retreating from its record high of $2,787 at the end of October. Meanwhile, bitcoin's price increased from over $68,000 to ov
Artificial intelligence (AI) is rapidly reshaping the world around us, from powering novel drug discoveries, to enhancing workforce productivity, to personalizing content on a Netflix feed. With the artificial intelligence industry projected to grow around 40% annually and reach a trillion-dollar market by 2030, AI’s influence could reshape industries at possibly an unprecedented scale. Crypto has potentially a critical role in enabling open-source AI to reach its potential and address some of t
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
The largest publicly traded bitcoin miner, MARA Holdings, announced Thursday the successful closing of its $1 billion offering of 0% convertible senior notes due 2030. This includes a $150 million overallotment exercised in full by initial purchasers on Tuesday, with the additional purchase finalized on Wednesday.
MARA announced Monday its intention to offer $700 million of convertible senior notes in a private offering to qualified institutional buyers. Net proceeds from the sale totaled appr
Payments Giant Stripe Brings Crypto Services to Aptos as Circle's USDC Stablecoin Launch on the N...
Payments firm Stripe is expanding its crypto products to layer-1 blockchain Aptos (APT) and stablecoin issuer Circle plans to bring its flagship stablecoin, USDC, to the network, ecosystem development organization Aptos Foundation told CoinDesk on Thursday.
Until now, USDC has been available on the network only in a bridged version. The stablecoin company will also add Aptos to its Cross-Chain Transfer Protocol (CCTP), a tool that helps move USDC across different blockchains. This will help Apt
Glassnode and analysts Cryptovizart and Ukuria OC reported that this month’s surge was driven by capital inflows of $62.9 billion over the last 30 days, reflecting a broader momentum within the cryptocurrency market. Institutional investors, particularly through U.S. spot exchange-traded funds (ETFs), absorbed approximately 90% of the sell-side pressure exerted by long-term holders.
Glassnode’s onchain report called “Riding the Liquidity Tide” reveals bitcoin’s capitalization is now placed abov
Ethereum (ETH) to $6,000? Top Analyst Shares Crucial Chart
Analyst Benjamin Cowen recently made a crucial prediction regarding Ethereum's future, sharing a logarithmic chart with a mysterious comment, "I want ETH to finally go home," and hinting at the target above $6,000, which would be a massive milestone to reach for the second-biggest cryptocurrency.
The chart analyzed suggests that Ethereum's price trajectory is somewhat aligning with overall growth, according to the logarithmic growth curve. That pattern defines the overall direction in which Eth
DOGE Founder Says Bitcoin Growth Dwarfs ‘Everything Else’ But What About Dogecoin?
Billy Markus, who created Dogecoin in collaboration with Jackson Palmer in 2013, has addressed his millions of followers on the X social media website to underscore the staggering difference between the performance of Bitcoin and “literally everything else right now.”
Shibetoshi Nakamoto, as Markus is known on social media, published his X post as Bitcoin has closely approached $98,000, setting yet another all-time high over the past month.
Markus also shared a recommendation as to whether it
Bitcoin to Finally 'Bury' Ethereum? Peter Brandt Issues Grim Epic 'Letter From the Grave' Call
While the price of Bitcoin (BTC) is dramatically updating historic high after high, just as dramatically, the price of Ethereum (ETH), the leading altcoin on the crypto market, is flying in an open peak downward against the major cryptocurrency. Since the beginning of the year, the price of ETH has lost 46.99% to the price of BTC from the high of the year and, as a result, has reached 0.03187 BTC per Ethereum, unseen since March 2021 - that is, for almost four years.
Analyst Nate Geraci has predicted that ETF issuers will soon file for spot ETF products that will track the performance of Cardano (ADA) and Avalanche (AVAX).
Various firms might be more inclined to jump into the altcoin ETF race due to a significantly friendlier regulatory environment.
As reported by U.Today, there are already several altcoin ETF proposals for XRP and Solana (SOL).
HOT Stories Bitcoin (BTC) Approaches $98,000 as Altcoins Lag Behind XRP 4 Days of Sleep: What's Next? Dogeco
Bitcoin (BTC) Approaches $98,000 as Altcoins Lag Behind
Bitcoin, the leading cryptocurrency by market cap, recently hit a new record high of $97,836, according to CoinGecko data.
The leading cryptocurrency is up by nearly 6% over the past 24 hours, with its market cap now approaching the $2 trillion mark.
The recent rally comes after massive inflows recorded by Bitcoin ETF products on Wednesday. BlackRock's IBIT alone recorded $626.5 million in fresh money. Fidelity’s FBTC also recorded $134 million in fresh inflows.
Portland, OR — Infranomicon announces the launch of emojicoin.fun, a launchpad for digital assets with emoji ticker symbols, dubbed emojicoins. Econia Labs’ latest incubated product demonstrates the merits of blockchain technology by combining decentralization, fair launch practices, and the universality of emojis, additionally showcasing some of the latest features of high performance blockchains like arithmetic aggregators and parallelizable events.
Mastercard and JPMorgan Link Up to Bring Foreign Exchange on the Blockchain
Mastercard (MA) has connected its blockchain-based system for shifting tokenized assets, the Multi-Token Network (MTN), with JPMorgan’s (JPM) recently rebranded digital assets business Kinexys (formerly known as Onyx).
The collaboration is to enhance B2B cross border payments, the companies said in a press release on Thursday, “providing greater transparency and faster settlement as well as reducing time zone friction.”
The payments giant said it has invited a number of banks onto its MTN when